Mortgage

Hi,

Welcome to our forums.

You will find all the relevant information in our Guide section under the categories - "Making the right mortgage choice" and "Shopping for another mortgage".

For resources on First mortgage, kindly go through this section.

Regarding your query on second mortgage, let me tell you that a second mortgage is mostly taken when you go for home improvements and repair work.

Thanks,

Caron.

Hi,

A home equity line of credit or a line of credit gives you the opportunity to receive cash advances from the loan proceeds, using your property as the security for the debt. But the total cash advance does not exceed the pre-fixed amount of loan based on the total equity in your property.

Regarding consolidating your debts, it is advisable that you go for it only when you feel that you are unable to cope up with your debt payments, whether for a secured loan like mortgage or for an unsecured loan.

Thanks,
Jerry

Hi Vijay,

You will get more info on debt consolidation under our section on Debt Consolidation Mortgage.

Thanks.